Bill Text: TX HB73 | 2021 | 87th Legislature 3rd Special Session | Introduced
Bill Title: Relating to requirements for beneficial tax treatment related to a leasehold or other possessory interest in a public facility being developed or used to provide multifamily housing.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2021-09-15 - Filed [HB73 Detail]
Download: Texas-2021-HB73-Introduced.html
| By: Murphy | H.B. No. 73 | |
|
|
||
|
|
||
| relating to requirements for beneficial tax treatment related to a | ||
| leasehold or other possessory interest in a public facility being | ||
| developed or used to provide multifamily housing. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 303.042(f), Local Government Code, is | ||
| amended to read as follows: | ||
| (f) Notwithstanding Subsections (a) and (b) and except as | ||
| provided by Section 303.0425, during the period of time that a | ||
| corporation owns a particular public facility, a leasehold or other | ||
| possessory interest in the real property of the public facility | ||
| granted by the corporation shall be treated in the same manner as a | ||
| leasehold or other possessory interest in real property granted by | ||
| an authority under Section 379B.011(b). | ||
| SECTION 2. Subchapter B, Chapter 303, Local Government | ||
| Code, is amended by adding Section 303.0425 to read as follows: | ||
| Sec. 303.0425. REQUIREMENTS FOR BENEFICIAL TAX TREATMENT | ||
| RELATING TO CERTAIN PUBLIC FACILITIES. (a) In this section: | ||
| (1) "Housing choice voucher program" means the housing | ||
| choice voucher program under Section 8, United States Housing Act | ||
| of 1937 (42 U.S.C. Section 1437f). | ||
| (2) "Housing facility" means a public facility being | ||
| developed or used to provide multifamily housing. | ||
| (3) "Housing facility user" means a private developer | ||
| or other private entity that has a leasehold or other possessory | ||
| interest in a housing facility. | ||
| (b) Section 303.042(f) applies to a leasehold or other | ||
| possessory interest in a housing facility granted to a housing | ||
| facility user only if the housing facility user meets the | ||
| requirements of this section. | ||
| (c) Section 303.042(f) does not apply to ad valorem taxes | ||
| imposed by a school district on a leasehold or other possessory | ||
| interest in a housing facility granted to a housing facility user. | ||
| (d) A housing facility user may not: | ||
| (1) refuse to rent a residential unit in the housing | ||
| facility to an individual or family because the individual or | ||
| family participates in the housing choice voucher program; or | ||
| (2) use a financial or minimum income standard that | ||
| requires an individual or family participating in the housing | ||
| choice voucher program to have a monthly income of more than 250 | ||
| percent of the individual's or family's share of the total monthly | ||
| rent payable for a residential unit. | ||
| SECTION 3. Section 303.0425, Local Government Code, as | ||
| added by this Act, applies only to a leasehold or other possessory | ||
| interest in a housing facility granted by a public facility | ||
| corporation to a housing facility user on or after the effective | ||
| date of this Act. | ||
| SECTION 4. This Act takes effect on the 91st day after the | ||
| last day of the legislative session. | ||
